Convergent MP3 Device Breaks Ties to the PC; MusicStore Incorporates CD Player, Hard Drive and Portable MP3 Player

Business Wire, Oct 24, 2000

Business/Entertainment Editors

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SAN DIEGO--(BUSINESS WIRE)--Oct 24, 2000

All of today's MP3 devices have one thing in common: they have to be connected to a PC to shuttle songs back and forth.

Today, DigMedia Inc., a digital music distribution company announces the availability of its MusicStore(TM), a $499 consumer electronics device that uses a built-in CD player to convert songs to MP3s as each CD is played -- no PC required.

"The MusicStore is a truly convergent home audio device," said Pedro Vargas, a former 12-year business development veteran with Intel and current chairman and CTO of DigMedia. "An entire 100 disk CD collection can be stored, managed and edited without any knowledge of MP3s -- or computers for that matter."

The MusicStore is a tabletop home audio device that combines a CD player, hard drive, digital jukebox -- and an integrated portable MP3 player.

"Being an all-in-one unit, the transfer of music from the hard drive to the portable MP3 player is the fastest in the industry," continued Vargas. "The fastest PC-based MP3 players take 40 seconds to transfer a single song; the MusicStore does it less than a second."

Now shipping, the MusicStore can be transported as conveniently as a portable radio or CD player, giving consumers the ability to access almost 5 day's worth of audio material to enjoy at home, work or car. The MusicStore also features a built-in USB port to manage tracks from computers and the Internet.

"Our mission is to extend the reach of digital music both online and off," added Vargas. "The MusicStore is the first in our line of non-PC reliant, cellular, cable and wireless devices that we hope will broaden the market for digital music worldwide."

About DigMedia Inc.

DigMedia Inc. is a music service provider and digital appliance manufacturer focused on the digital distribution of music and video. An end-to-end digital music distribution company, DigMedia also provides secure media streaming and hosting services to record labels and other music content providers. Recently spun off from Memory Corporation (EASDAQ: MEMY), DigMedia Inc. is based in San Diego with offices in England and Scotland. For more information about DigMedia Inc., visit the company's web site at http://www.digmedia.cc.

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